RIOT — Riot Platforms, Inc. - Common Stock
Session close: $14.76. Regular-session share volume: 46,198,314. Change from previous close: -3.97%.
Key developments
Riot Platforms signed a long-term powered land lease at its Corsicana, Texas, site, with analysts identifying the tenant as an AI lab. The structure shifts operating and technology risk to the tenant and lowers Riot's construction spending, while contracted data center revenue is reported at roughly thirty-eight billion dollars. Riot also sold much of its Bitcoin holdings to fund AI data center development.
Company news Riot Platforms’ Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say · Company news Riot Platforms Announces Q3 Bitcoin Sales and Major AI Data Center Lease Agreement · Company news Riot Platforms (RIOT) Signs $28 Billion Corsicana AI Lease
Chardan and Needham both raised price targets while keeping Buy ratings, though Needham flagged that the Texas election outcome raises the risk of data center delays and permitting pressure. Shares traded lower alongside crypto-linked names as Bitcoin fell.
Company news Riot Platforms’ Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say · Company news Needham Maintains Buy Rating and Raises Price Target on Riot Platforms · Company news Chardan Raises Price Target on Riot Platforms
News sources
Company news Riot Platforms’ Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say · Company news Needham Maintains Buy Rating and Raises Price Target on Riot Platforms · Company news Chardan Raises Price Target on Riot Platforms · Company news Bernstein Maintains Outperform on Riot Platforms, Raises Price Target to $30 · Company news RIOT Q3 Earnings Call Highlights $38B in AI Data Center Leases · Company news Chardan Capital Maintains Buy on Riot Platforms, Raises Price Target to $32 · Company news Riot Platforms Announces Q3 Bitcoin Sales and Major AI Data Center Lease Agreement · Company news HC Wainwright Adjusts Riot Platforms Price Target · Company news Needham Maintains Buy on Riot Platforms, Raises Price Target to $31 · Company news Riot Platforms Inc (RIOT) (Q3 2026) Earnings Call Highlights: $38 Billion in AI Data Center ... · Company news Riot Platforms (RIOT) Signs $28 Billion Corsicana AI Lease · Company news Riot Platforms, Inc. (RIOT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates · Company mentioned — Mentions RIOT in the article text. Bitcoin Rises, Crypto Miners Sharply Divided As Midterms Dampen AI Outlook